fintech / news / / Reuters
S&P Dow Jones Indices is launching a new credit-default swap index linked to the private credit market.
S&P Dow Jones Indices is launching a credit-default swap index tied to private credit.
KEY POINTS
- The CDX Financials index is the first CDS product to include business development companies.
- Major banks like Bank of America and Goldman Sachs will begin selling these derivatives next week.
- Investor redemptions from non-traded private credit funds have accelerated due to AI disruption fears.
COMPANIES
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